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§ 564-f-18-1803 — New Hampshire Law | CourtGPT
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  5. Chapter 564-f - New Hampshire Foundation Act/
  6. § 564-f-18-1803
New Hampshire Legal Code

§ 564-f-18-1803

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564-F:18-1803 Damages in Absence of Breach of Duty. – (a) Even absent a breach of duty, a foundation official is accountable to an affected beneficiary for any profit made by the foundation official arising from the foundation's administration. (b) Absent a breach of duty, a foundation official is not liable to a beneficiary for a loss or depreciation in the value of the foundation property or for not having made a profit. (c) This section does not preclude the payment of reasonable compensation to a foundation official. Source. 2017, 257:47, eff. Oct. 1, 2017.